Advisor Group Inc. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,630 shares of the technology company’s stock after buying an additional 3,739 shares during the quarter. Advisor Group Inc.’s holdings in Check Point Software Technologies were worth $1,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its holdings in shares of Check Point Software Technologies by 5.0% during the 3rd quarter. D.A. Davidson & CO. now owns 10,423 shares of the technology company’s stock worth $1,188,000 after purchasing an additional 501 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Check Point Software Technologies by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 8,319 shares of the technology company’s stock worth $862,000 after purchasing an additional 503 shares in the last quarter. US Bancorp DE grew its holdings in shares of Check Point Software Technologies by 0.5% during the 4th quarter. US Bancorp DE now owns 121,845 shares of the technology company’s stock worth $12,626,000 after purchasing an additional 547 shares in the last quarter. Mastrapasqua Asset Management Inc. grew its holdings in shares of Check Point Software Technologies by 2.4% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 23,457 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 554 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Check Point Software Technologies by 0.6% during the 3rd quarter. California State Teachers Retirement System now owns 87,853 shares of the technology company’s stock worth $10,017,000 after purchasing an additional 558 shares in the last quarter. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

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Check Point Software Technologies stock opened at $103.59 on Monday. The company has a market capitalization of $16,931.06, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.03 and a beta of 0.55. Check Point Software Technologies Ltd. has a 1 year low of $95.03 and a 1 year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. The firm had revenue of $506.00 million during the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. equities analysts expect that Check Point Software Technologies Ltd. will post 5.26 EPS for the current fiscal year.

Several research firms have recently issued reports on CHKP. Wells Fargo lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. reduced their price objective on Check Point Software Technologies to $113.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, Cleveland Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $113.67.

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